The ONE Group Hospitality, Inc. (NASDAQ:STKS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $4.50.

A number of analysts recently issued reports on STKS shares. Zacks Research raised ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of ONE Group Hospitality in a report on Thursday, January 22nd. Finally, Lake Street Capital lowered their price objective on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, January 16th.

ONE Group Hospitality Stock Performance

STKS stock opened at $1.96 on Tuesday. ONE Group Hospitality has a 1-year low of $1.70 and a 1-year high of $5.26. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 16.52. The firm has a market cap of $60.96 million, a PE ratio of -0.53, a P/E/G ratio of 0.26 and a beta of 1.65. The business’s 50-day moving average price is $2.09 and its two-hundred day moving average price is $2.28.

Institutional Trading of ONE Group Hospitality

Several hedge funds and other institutional investors have recently modified their holdings of STKS. Y Intercept Hong Kong Ltd bought a new stake in ONE Group Hospitality in the 2nd quarter valued at approximately $274,000. AdvisorShares Investments LLC acquired a new stake in shares of ONE Group Hospitality in the second quarter valued at approximately $170,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ONE Group Hospitality in the third quarter valued at approximately $170,000. Bank of America Corp DE lifted its position in shares of ONE Group Hospitality by 20.8% in the third quarter. Bank of America Corp DE now owns 55,634 shares of the restaurant operator’s stock worth $165,000 after purchasing an additional 9,594 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in ONE Group Hospitality during the second quarter worth $132,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

About ONE Group Hospitality

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company’s flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group’s concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.